The price of Sui, a layer 1 cryptocurrency, has recently reached a new all-time high amid growing interest in decentralized finance projects.
Market Dynamics of Sui
Sui hit a new all-time high of $5.35, despite minor corrections observed in the last 24 hours. Currently, its price has stabilized around $5.21, with trading volume down by 3.2% to over $1.4 billion.
Key Growth Drivers for Sui
The development of the platform, including the launch of DeepBook V3 and Sui Bridge, significantly influenced Sui's growth. Institutional interest, particularly from Grayscale, also boosted the token's price. The cryptocurrency ended 2024 with a total value locked at $1.75 billion, which increased to $2.6 billion at the start of 2025.
Role of DeFi and Political Change
Sui's growth is supported by the overall improvement in market sentiment towards DeFi, influenced by political changes in the US. Donald Trump's election victory and his pro-crypto stance, along with Gary Gensler’s departure as SEC chair, contributed to a favorable market environment for DeFi tokens.
Sui continues to attract attention with its development strategy and the overall growth of the decentralized finance sector. Current market and political conditions support its further success among crypto investors.
